|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||166.14 - 167.63|
|52 Week Range||142.93 - 168.30|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.25%|
The May 18 data show that Ashland’s (ASH) short interest has stayed high with small variations since the middle of February, indicating that the bears are fairly active and are likely have negative sentiments toward the stock. As of May 18, ASH’s short interest as a percentage of its outstanding shares was 5.6% compared to 3.6% on January 12. The primary reason for this increase could be the breakdown in the merger talks between Ashland and Britain-based Croda International.
Between May 2, when NOW (DNOW) released its first-quarter results, and May 23, its implied volatility fell from 43.7% to 39.1% and its stock price rose ~5.4%. DNOW comprises 0.18% of the iShares S&P Mid-Cap 400 Value ETF (IJJ), which provides exposure to US mid-cap stocks that are considered undervalued by the market. The energy sector accounts for 11.2% of IJJ, which has risen ~6% since May 2. NOW’s seven-day stock price forecast
A year during which the market exceeded all expectations ends not with investors backing off but rather with them throwing caution to the wind.